Beijing Seeks to Acquire US Tech by Enticing Silicon Valley Startups to Set Up in China

In China's bid to acquire advanced technology from the United States, officials from the north-central city of Baoding tried to meet with Silicon Valley executives and discuss deals for companies to set up offices there, according to internal government documents that The Epoch Times obtained recently.

Citing the Chinese regime's key strategy of "Bringing technologies in, exporting our products out," the Baoding government detailed a successful example: it attracted AXT Inc., a U.S.-based designer and manufacturer of semiconductor substrates, to set up a factory in Dingxing county, Baoding.

Another purpose of Li's North America trip is launching "Innovation centers" in Silicon Valley and Toronto to promote collaboration with the Baoding government.

Li said in another report to the city government that the innovation centers would "Attract foreign high-tech projects to invest in Baoding, attract foreign high-tech experts to work in Baoding, and train Baoding officials and enterprises overseas."

State-run Xinhua reported on the establishment of the Baoding High-tech Zone Silicon Valley Innovation Center in a May 2018 article, that would "Create a green pathway to join up science and tech resources" between Silicon Valley and Baoding's tech development zone.

The Xinhua report used the same words as Li's report to describe the innovation center's primary tasks, including obtaining visas and other services for American companies that would set up branches in Baoding.

U.S.-based China affairs commentator Tang Jingyuan said that tech collaborations such as those the Baoding government seeks are one of the methods by which the Chinese regime seeks to acquire American tech innovations.
 

https://www.theepochtimes.com/china-seeking-to-acquire-us-tech-via-attracting-silicon-valley-startups-to-set-up-operations-there_3644966.html